@techreport{Clark2006Effort,
abstract = {This paper considers the effect of status or relative income on work effort combining experimental evidence from a gift-exchange game with ISSP survey data. We find a consistent negative effect of others' incomes on individual effort in both datasets. The individual's rank in the income distribution is a stronger determinant of effort than others' average income, suggesting that comparisons are more ordinal than cardinal. We then show that effort is also affected by comparisons over time: those who received higher income offers or had higher income rank in the past exert lower levels of effort for a given current income and rank.},
address = {Bonn},
author = {Andrew E. Clark and David Masclet and Marie-Claire Villeval},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {M54; J33; A13; C92; D63; 330; effort; comparison income; rank; peak-end; experiments; Einkommen; Arbeitsbewertung; Stress; Sozialer Status; Welt},
language = {eng},
number = {2169},
publisher = {IZA},
title = {Effort and comparison income: experimental and survey evidence},
type = {IZA Discussion Papers},
url = {http://hdl.handle.net/10419/34002},
year = {2006}
}